Markel India Is Now Open for Business, Providing Specialist Facultative Reinsurance

Markel International, the London-based specialist insurer and reinsurer, announced that its Mumbai office is now open and actively writing business.

Markel said it provides specialist facultative reinsurance to local Indian insurers, in a broad range of commercial classes including marine, energy, contingency, and professional and financial risks.

“We are now writing business in India and are very pleased with the response we have had from the domestic market, which affirms the demand from local Indian insurers for specialized products like those offered by Markel,” said Deepika Mathur, who heads Markel’s Indian business.

“Establishing the office in Mumbai has been a complex undertaking involving Markel teams around the world. The effort put in by everybody has been truly inspiring,” said Matt Cannock, managing director for Asia. “Deepika Mathur will be instrumental in providing Markel with access to the local reinsurance market. We are looking forward to servicing our existing relationships better and to starting many more new ones.”

Deepika Mathur has had some 20 years’ experience in the Indian insurance industry, most recently as executive vice president at HDFC Ergo, the Indian/German joint venture general insurance company, with responsibility for the casualty and financial lines business.

Source: Markel International